The Analyst Verdict: Magnite In The Eyes Of 12 Experts
Portfolio Pulse from Benzinga Insights
In the last three months, 12 analysts have published ratings on Magnite (NASDAQ:MGNI), with a majority being bullish. The average 12-month price target has increased to $16.12, reflecting a 4.81% rise. Analysts have raised their price targets, indicating positive sentiment towards the stock. Magnite has shown a positive revenue growth rate of 14.73% but faces challenges with profitability and returns on equity and assets.
June 05, 2024 | 3:00 pm
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Magnite (NASDAQ:MGNI) has received predominantly bullish ratings from analysts over the past three months, with an average price target increase to $16.12. The company has shown positive revenue growth but faces challenges in profitability and returns on equity and assets.
The majority of analysts have given bullish ratings, and the average price target has increased, indicating positive sentiment. However, the company faces challenges in profitability and returns on equity and assets, which may temper the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100